Core Molding Technologies (NYSEAMERICAN:CMT) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Core Molding Technologies (NYSEAMERICAN:CMT) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24, FiscalAI reports. The company had revenue of $74.68 million for the quarter, compared to analyst estimates of $66.44 million. Core Molding Technologies had a net margin of 3.09% and a return on equity of 5.88%.

Core Molding Technologies Trading Down 4.0%

NYSEAMERICAN CMT opened at $18.05 on Tuesday. Core Molding Technologies has a 12 month low of $12.25 and a 12 month high of $22.29. The company has a current ratio of 2.90, a quick ratio of 2.39 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $159.92 million, a PE ratio of 19.20 and a beta of 0.44. The business’s 50-day moving average price is $19.34 and its two-hundred day moving average price is $19.46.

Institutional Trading of Core Molding Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of Core Molding Technologies by 83.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,673 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 763 shares during the period. NewEdge Advisors LLC lifted its holdings in Core Molding Technologies by 70.8% in the fourth quarter. NewEdge Advisors LLC now owns 1,937 shares of the industrial products company’s stock valued at $39,000 after buying an additional 803 shares during the period. Kestra Advisory Services LLC bought a new stake in Core Molding Technologies during the fourth quarter valued at $43,000. JPMorgan Chase & Co. raised its position in shares of Core Molding Technologies by 18.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,703 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 738 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Core Molding Technologies by 34.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,096 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 2,593 shares during the period. Institutional investors and hedge funds own 58.79% of the company’s stock.

About Core Molding Technologies

Core Molding Technologies is a publicly traded manufacturer specializing in engineered composite and polymer solutions for a wide array of industrial applications. The company’s core business includes the design, tooling and high-volume production of fiberglass-reinforced plastics, advanced polyurethane systems, structural composites and specialty coatings. Its products find use in commercial vehicles, off-highway equipment, defense, power sports, recreation and industrial markets.

Core Molding offers end-to-end services ranging from digital design and prototyping to mold fabrication, process development and full-scale manufacturing.